Article by
Barbados Today

Published on
February 7, 2016

The prices of gasoline, diesel, kerosene and liquefied petroleum will fall, effective midnight tonight.
The retail price of gasoline will move from $2.71 per litre to $2.69 per litre, while the price of diesel will drop from $1.89 per litre to $1.82 per litre. Kerosene will now retail at 80 cents per litre, down from 95 cents. These represent decreases of two cents, seven cents and 15 cents per litre respectively.
Meanwhile, liquefied petroleum gas (LPG) will retail at $152.24 per 100 lb cylinder, a decrease of $1.24. The price of the 25 lb cylinder has dropped from $43.47 to $43.16, a decrease of 31 cents, while the 22 lb cylinder will now cost $38.15, down from $38.42, which is 27 cents less. The new price of a 20 lb cylinder is $34.68, 25 cents cheaper.
These adjustments in retail prices are due solely to changes in the CIF (cost, insurance and freight) of these refined products.

It has been dropping in the US steadily but not over here. I have been watching it. has dropped more than 3 times in the US and this would be the second here. If it goes up once in the US i can bet you it goes up here. lol

It has been dropping in the US steadily but not over here. I have been watching it. has dropped more than 3 times in the US and this would be the second here. If it goes up once in the US i can bet you it goes up here. lol

This is a big fat Joke 31 cents?????? When gas when up $8.00 so tell me how on God green earth gas prices going down??? Plus is 25 pound bottle for $43.00 is Barbados today right about those prices??? Isn’t gas at the station for $49.00 dollars? And when the dude bring it to us around $60.00 dollars.

This is a big fat Joke 31 cents?????? When gas when up $8.00 so tell me how on God green earth gas prices going down??? Plus is 25 pound bottle for $43.00 is Barbados today right about those prices??? Isn’t gas at the station for $49.00 dollars? And when the dude bring it to us around $60.00 dollars.

The people have to be really stupid to be thinking they are going to benefit from a 3 cents per litre discount. Just think about it, if your vehicle takes 60 litres to fill up. Then you save $1.80 and that isn’t even busfare. Keep in mind that the oil prices are down from $80.00 dollars to below $30.00 dollars more in half. Look at the profit margin between their and your 3 cents per litre. How many liters does the government gets from a barrel is about 190 litres, plus the by-products from the refinery give you kerosene, bingaman for asphalt and jet fuel=kerosene that is slightly better refined. So when the government gives you a 3 cents discount a liter they are deceiving you people that don’t know what is going on. That’s the same as if your boss give you a pay rise of 3.5 cents an hour = 40 hours a week = 180 hours a month = $1,80 a month.
Would you be happy with 3.5 cents pay increase? Just think about it…

The people have to be really stupid to be thinking they are going to benefit from a 3 cents per litre discount. Just think about it, if your vehicle takes 60 litres to fill up. Then you save $1.80 and that isn’t even busfare. Keep in mind that the oil prices are down from $80.00 dollars to below $30.00 dollars more in half. Look at the profit margin between their and your 3 cents per litre. How many liters does the government gets from a barrel is about 190 litres, plus the by-products from the refinery give you kerosene, bingaman for asphalt and jet fuel=kerosene that is slightly better refined. So when the government gives you a 3 cents discount a liter they are deceiving you people that don’t know what is going on. That’s the same as if your boss give you a pay rise of 3.5 cents an hour = 40 hours a week = 180 hours a month = $1,80 a month.
Would you be happy with 3.5 cents pay increase? Just think about it…

Has anyone looked at gas prices back when oil was $30.usd a barrel and see what we were paying at the pump to compare to the prices today. I bet you didn’t research it and see a Huge difference then and now.
Dem got jokes….3 cents Hahahahaahaaa

Has anyone looked at gas prices back when oil was $30.usd a barrel and see what we were paying at the pump to compare to the prices today. I bet you didn’t research it and see a Huge difference then and now.
Dem got jokes….3 cents Hahahahaahaaa

This drop…is simply an insult to one’s intelligence. A sop, as some might say….and a very, very poor one, at that. It’s actual import, is moreso an indication of this administration’s continuing fiscal challenges: their depth, and their “resilience”.

This drop…is simply an insult to one’s intelligence. A sop, as some might say….and a very, very poor one, at that. It’s actual import, is moreso an indication of this administration’s continuing fiscal challenges: their depth, and their “resilience”.

Put the blame squarely where it belongs your government taxing system. stop blaming outsiders. its your government spending, spending. they gotta find that 700 million plus for the gasification plant..

Put the blame squarely where it belongs your government taxing system. stop blaming outsiders. its your government spending, spending. they gotta find that 700 million plus for the gasification plant..

I don’t have a car right now so I am using his story. Corey Worrell wrote in response to this, Thank you bro.

“Gasoline has dropped from $2.71 per litre to $2.69 per litre and Bajans saying thanks? – jokes
Seriously, this is what you give your citizens.
Since we don’t use one cents anymore, it went from $2.70 to 2.70 – lol
So yesterday if it took me $119.24 to full a car with 44 litres of gas and today with this price drop it will now cost me $118.36.
I have saved $0.88. A whole 88cents.
The price of a barrel of oil moved from USD$80 to less than USD$30 which is a drop of 166.67%. and this is the best Bajans can get a drop of 0.74%?
Just look at that – 166.67% reduction in cost and Bajans get 0.74% in savings – not even 1%.
This governwmnt has no moral stance to accuse any supermarket of price gouging or unfair business practices”.

I don’t have a car right now so I am using his story. Corey Worrell wrote in response to this, Thank you bro.
“Gasoline has dropped from $2.71 per litre to $2.69 per litre and Bajans saying thanks? – jokes
Seriously, this is what you give your citizens.
Since we don’t use one cents anymore, it went from $2.70 to 2.70 – lol
So yesterday if it took me $119.24 to full a car with 44 litres of gas and today with this price drop it will now cost me $118.36.
I have saved $0.88. A whole 88cents.
The price of a barrel of oil moved from USD$80 to less than USD$30 which is a drop of 166.67%. and this is the best Bajans can get a drop of 0.74%?
Just look at that – 166.67% reduction in cost and Bajans get 0.74% in savings – not even 1%.
This governwmnt has no moral stance to accuse any supermarket of price gouging or unfair business practices”.